Argentina: investors sought for solar park COD

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Source: The provincial energy agency of Jujuy, Jujuy, Energía y Minería Sociedad del Estado (JEMSE) is looking for investors in the 90+ MW solar park awarded to the entity in last year's renewable energy auction (RenovAr). The project is expect to begin commercial operations in 2019 and has a PPA in hand from the system off-taker CAMMESA. For more details contact Sylvia Gaylord,

RTB Wind Opportunity in Argentina: sale of rights by provincial agency

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Opportunities are emerging for investors interested in existing and new renewable energy projects in Argentina. State-owned entities at the provincial level are seeking investors to invest in projects at various stages of development. The provinces have the natural resources but not the cash to develop projects and are facilitating many aspects of project development to private investors. In Central Argentina, the local public agency is offering up to 375 MW in 1 or several clusters. RTB conditions include wind and technical feasibility studies, all initial permits, land owned by provincial government to be rented. For more information, contact Sylvia Gaylord,  

Big year for renewables in Latin America – Argentina

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Source: IADB (2015) Lights On? Energy Needs in Latin America and the Caribbean to 2040. Electricity generation from renewable sources is nothing new to Latin America. For the last 50 years, Latin America has generated 45-50% of its electricity from hydro sources (though this number is strongly influenced by Brazil). In the last decade, many countries in the region have taken important steps to incorporate other renewable sources of electricity, such as wind and solar, and diversify their energy matrices. While the presence of these technologies is still relatively small, their growth has been exponential (as the charts above show) ...

New era for energy SOEs

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Energy markets worldwide are undergoing constant regulatory revision driven by changes in technology: the growing presence of renewables and IT advances in network management. The old world of vertically integrated utilities with geographically fixed markets is rapidly vanishing. Deregulation in developing countries is also morphing into something new, and the old private-public dichotomy is being replaced by a marketplace where scaled-down state-owned enterprises (SOEs) compete side-by-side with private entrepreneurs. The presence of SOEs is important to the shape energy markets can take in developing countries and the long-term success of new investment and technologies. Insider's advantage The first thing that comes to ...

Argentina launches first round in renewables

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Yesterday, Argentina's president, Mauricio Macri, announced the much awaited renewable energy auction. Under the name of RenovAr, the program seeks to add 1 GW of energy from renewable sources in the coming years. On Thursday, the government published pre-bid documents for the first auction to take place in June. These documents do not spell out all of the terms for the auction, but clarify some important points, and open up the process to comments for potential participants. The final version of the auction terms will be published July 1 and bids will be due the 8 of August. The first auction of the ...

Renewable energy and the cost of lending in Latin America

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Investment in renewable energy (RE) is on a healthy growth trajectory despite the slump in the price of oil, with developing countries taking an every greater share of it. According to the Trends in Private Sector Climate Finance report published at the end of 2015 by the Climate Change Support Team of the United Nations, global investment in RE projects increased by 55% from 2009-2014, and over 70% of it went to non-OECD countries.  Another promising trend identified in the report is the decline in the perception of risk related to RE technologies, which is reducing the cost of financing and creating conditions for long-term and ...